Bank FD to take real interest rates and inflation

The Reserve Bank of India (RBI), in monitoring its recent financial performance, has confirmed a rise in interest rates on 5.3% of FY22

Officials and others based on FDs will receive only when lower interest rates exceed interest rates.

The Reserve Bank of India (RBI) is revising its recent monetary policy stance and is expected to raise prices by 5.3% this year.

Last week, the RBI also said the Consumer Price Index (CPI) inflation is now expected to be 5.3% of 2021-22 when the risks are the same.

At this stage, the one-year fixed rate with India’s largest bank (SBI) would have had interest rates. The actual interest rate will be (-) 0.3% for investors.

The real interest rate and the amount of the card minus the price increase. August inflation was 5.3%.

Even after working for 2-3 years, the interest rate they earn is 5.10% compared to the expected inflation on the current economy.

In private groups, the market leader HDFC Bank offers interest rates of 4.90% for 1-2 years and 5.15% for 2-3 years.

However, the small revenue streams provided by the government pay better compared to the amount that banks have. For a period of 1-3 years, interest rates are 5.5% higher than inflation.

There is a natural opportunity to move money from the FD bank to government rescue systems as prices are slightly higher. As a result, real interest rates are a good part of life.

Experts say it is strange that the real return is difficult to recover from the crisis in the world, because it is a way to raise funds to deal with the crisis.

India is no longer different and, a new distribution of goods needs to come out, with a large distribution of real goods from the economy.

Real prices will be worthless for a while, as the redesign of the problem can take time and it is important that financial literacy strategies help people make the right decisions, Grant Thornton Bharat’s colleague Vivek Iyer said.

“The high interest rate, for depositors in banks, these days, is a fact, which investors have to face because of other problems.

“The recent price offered by banks, which is about 3.5% and less than 5% on a one-year basis, shows a negative return, not even paying for inflation,” said Resurgent India Managing Director Jyoti Prakash Gadia.

The impact on interest rates on bank deposits is obvious, with a small increase in deposits and people are now looking for alternatives such as mutual funds and good investment.

Elections at high risk have shown excessive growth that should continue until inflation or bank overflow increases significantly, Gadia added.

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